The BOJ's latest round of asset purchases is QE8, by Ambrose Evans-Pritchard's count, and likely...

The BOJ's latest round of asset purchases is QE8, by Ambrose Evans-Pritchard's count, and likely a direct response to the Fed's gambit to weaken the greenback. It's doomed to failure says Capital Economics' David Rea, as the country continues to be a destination for safe-haven flows and previous bond purchase programs have done little to boost the money supply. The yen continues stronger, FXY+0.6%.